Vice President Bharrat Jagdeo yesterday said that the board of the United States Export-Import (EXIM) Bank last week approved US$509m of the $US640m loan this country had requested for the gas-to-energy (GtE) project at Wales, West Bank Demerara, and has sent the document to the US Congress as part of a 30-day notification process.
“We had this information but we wanted the announcement to come from EXIM Bank. But since it [the information] has not been forthcoming, let me say to you that the loan has been approved by the Board of EXIM Bank and it has been sent to the Congress for 30-day notification,” the Vice President said at a press conference he hosted at Freedom House, Georgetown.